STMicro's $3 Billion Space Chip Ambition & New Atmospheric Discovery

STMicroelectronics aims for over $3 billion in revenue from its space semiconductor business between 2026 and 2028, driven by the rising demand for satellite network chips. Meanwhile, astronomers have discovered another celestial body with an atmosphere beyond Neptune, hinting at more dynamic properties than previously thought.

STMicroelectronics has announced a revenue target exceeding $3 billion for its semiconductor space division from 2026 to 2028. This ambitious goal is fueled by increased demand for chips necessary for low-Earth orbit satellite networks. Following the announcement, shares of the French-Italian company saw a peak increase of 7%, later stabilizing at a 2.2% rise by 1536 GMT.

In other groundbreaking scientific news, astronomers have detected the atmosphere of a celestial body in the outer regions of our solar system, an area predominantly composed of icy entities beyond Neptune. Previously, only Pluto was known to exhibit atmospheric characteristics in this distant domain. The newfound object, boasting a diameter of approximately 310 miles (500 km), adds to the intrigue, prompting researchers to explore the underlying reasons for its atmospheric presence.

These scientific advancements underscore the evolving knowledge of both space technology and celestial phenomena, pushing the boundaries of exploration and understanding.